Start the second half of 2023 with this impressive non-rezoned stand spanning 17,665 m2

Ref # 2166057
Property Details
39 Reid Ave
20 Beds
15 Baths

Start the second half of 2023 on a high note with this impressive non-rezoned stand spanning 17,665 m2. This property boasts rented accommodations that generate a monthly income of approximately R100,000. The rental units consist of a spacious main house with 3 bedrooms and 2 bathrooms, as well as 13 units with either 2 or 1 bedroom options.

One of the standout features of this property is the very strong borehole, which reaches a depth of over 150m with a water level of about 30m. This means that there is virtually no difference in water supply between summer and winter, making it highly reliable. In addition, the property is not reliant on municipal water, offering independence and peace of mind. Furthermore, an uninstalled 10,000-liter JoJo tank is included on the property, providing an additional reservoir for water storage.

Situated in an area exclusively reserved for high residential development according to the Council Master Plan, this stand is ideally located next to a beautiful development by a renowned property developer in Linbro Park. The surrounding area has already been meticulously treated for development, ensuring a seamless transition for any future plans.

Whether you are looking for a straightforward sale or a joint venture opportunity, this property offers a clean deal and welcomes both options. This is a precious opportunity that awaits your call. Please note that viewings are available by appointment only.

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Open Parking
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